Table 1

Senior Loan Officer Opinion Survey on Bank Lending Practices
at Selected Large Banks
in the United States
1

(Status of policy as of October 2010)

Questions 1-6
ask about commercial and
industrial (C&I) loans at your bank. Questions 1-3 deal with
changes in your bank's lending policies over the past three
months. Questions 4-5 deal with changes in demand for C&I loans
over the past three months. Question 6 asks
about changes in prospective demand for C&I loans at your
bank, as indicated by the volume of recent inquiries about the
availability of new credit lines or increases in existing
lines. If your bank's lending policies have not changed over the
past three months, please report them as unchanged even if the
policies are either restrictive or accommodative relative to
longer-term norms. If your bank's policies have tightened or
eased over the past three months, please so report them
regardless of how they stand relative to longer-term norms.
Also, please report changes in enforcement of existing policies
as changes in policies.

1.
Over the past three months, how have your bank's credit
standards for approving applications for C&I loans or credit
lines—other than those to be used to finance mergers and
acquisitions—to large and middle-market firms and to small
firms changed? (If your bank defines firm size differently
from the categories suggested below, please use your
definitions and indicate what they are.)

A.
Standards for large and middle-market firms (annual sales of
$50 million or more):

All Respondents

Large Banks

Other Banks

Banks

Percent

Banks

Percent

Banks

Percent

Tightened considerably

0

0.0

0

0.0

0

0.0

Tightened somewhat

1

1.8

0

0.0

1

4.0

Remained basically unchanged

49

86.0

27

84.4

22

88.0

Eased somewhat

7

12.3

5

15.6

2

8.0

Eased considerably

0

0.0

0

0.0

0

0.0

Total

57

100.0

32

100.0

25

100.0

B.
Standards for small firms (annual sales of less than $50 million):

All Respondents

Large Banks

Other Banks

Banks

Percent

Banks

Percent

Banks

Percent

Tightened considerably

0

0.0

0

0.0

0

0.0

Tightened somewhat

2

3.6

1

3.2

1

4.0

Remained basically unchanged

48

85.7

26

83.9

22

88.0

Eased somewhat

6

10.7

4

12.9

2

8.0

Eased considerably

0

0.0

0

0.0

0

0.0

Total

56

100.0

31

100.0

25

100.0

2.
For applications for C&I loans or credit lines—other
than those to be used to finance mergers and
acquisitions—from large and middle-market firms and from
small firms that your bank currently is willing to approve,
how have the terms of those loans changed over the past three
months?

A.
Terms for large and middle-market firms (annual
sales of $50 million or more):

3.
If your bank has tightened or eased its credit standards or
its terms for C&I loans or credit lines over the past
three months (as described in questions 1 and
2), how important have
been the following possible reasons for the change?

d.
More aggressive competition from
other banks or nonbank lenders (other financial intermediaries
or the capital markets)

All Respondents

Large Banks

Other Banks

Banks

Percent

Banks

Percent

Banks

Percent

Not important

2

7.4

2

9.5

0

0.0

Somewhat important

11

40.7

9

42.9

2

33.3

Very important

14

51.9

10

47.6

4

66.7

Total

27

100.0

21

100.0

6

100.0

e.
Increased tolerance for risk

All Respondents

Large Banks

Other Banks

Banks

Percent

Banks

Percent

Banks

Percent

Not important

22

81.5

17

81.0

5

83.3

Somewhat important

5

18.5

4

19.0

1

16.7

Very important

0

0.0

0

0.0

0

0.0

Total

27

100.0

21

100.0

6

100.0

f.
Increased liquidity in the
secondary market for these loans

All Respondents

Large Banks

Other Banks

Banks

Percent

Banks

Percent

Banks

Percent

Not important

19

70.4

14

66.7

5

83.3

Somewhat important

6

22.2

5

23.8

1

16.7

Very important

2

7.4

2

9.5

0

0.0

Total

27

100.0

21

100.0

6

100.0

g.
Reduction in defaults by
borrowers in public debt markets

All Respondents

Large Banks

Other Banks

Banks

Percent

Banks

Percent

Banks

Percent

Not important

22

81.5

16

76.2

6

100.0

Somewhat important

5

18.5

5

23.8

0

0.0

Very important

0

0.0

0

0.0

0

0.0

Total

27

100.0

21

100.0

6

100.0

h.
Improvement in your bank's
current or expected liquidity position

All Respondents

Large Banks

Other Banks

Banks

Percent

Banks

Percent

Banks

Percent

Not important

21

77.8

16

76.2

5

83.3

Somewhat important

5

18.5

4

19.0

1

16.7

Very important

1

3.7

1

4.8

0

0.0

Total

27

100.0

21

100.0

6

100.0

i.
Reduced concerns about the effects of
legislative changes, supervisory actions, or changes in accounting
standards

All Respondents

Large Banks

Other Banks

Banks

Percent

Banks

Percent

Banks

Percent

Not important

24

88.9

18

85.7

6

100.0

Somewhat important

3

11.1

3

14.3

0

0.0

Very important

0

0.0

0

0.0

0

0.0

Total

27

100.0

21

100.0

6

100.0

4.
Apart from normal seasonal variation, how has demand for C&I
loans changed over the past three months? (Please consider
only funds actually disbursed as opposed to requests for new
or increased lines of credit.)

A.
Demand for C&I loans from large and
middle-market firms (annual sales of $50 million or
more):

All Respondents

Large Banks

Other Banks

Banks

Percent

Banks

Percent

Banks

Percent

Substantially stronger

1

1.8

1

3.1

0

0.0

Moderately stronger

9

15.8

6

18.8

3

12.0

About the same

33

57.9

19

59.4

14

56.0

Moderately weaker

14

24.6

6

18.8

8

32.0

Substantially weaker

0

0.0

0

0.0

0

0.0

Total

57

100.0

32

100.0

25

100.0

B.
Demand for C&I loans from small firms (annual
sales of less than $50 million):

All Respondents

Large Banks

Other Banks

Banks

Percent

Banks

Percent

Banks

Percent

Substantially stronger

0

0.0

0

0.0

0

0.0

Moderately stronger

4

7.1

3

9.7

1

4.0

About the same

36

64.3

21

67.7

15

60.0

Moderately weaker

15

26.8

6

19.4

9

36.0

Substantially weaker

1

1.8

1

3.2

0

0.0

Total

56

100.0

31

100.0

25

100.0

5.
If demand for C&I loans has strengthened or weakened over
the past three months (as described in question 4), how important have been the
following possible reasons for the change?

f.
Customer borrowing shifted
from your bank to other bank or nonbank credit sources because
these other sources became more attractive

All Respondents

Large Banks

Other Banks

Banks

Percent

Banks

Percent

Banks

Percent

Not important

13

86.7

5

83.3

8

88.9

Somewhat important

2

13.3

1

16.7

1

11.1

Very important

0

0.0

0

0.0

0

0.0

Total

15

100.0

6

100.0

9

100.0

6.
At your bank, how has the number of inquiries from potential
business borrowers regarding the availability and terms of new
credit lines or increases in existing lines changed over the
past three months? (Please consider only inquiries for
additional or increased C&I lines as opposed to the refinancing of
existing loans.)

All Respondents

Large Banks

Other Banks

Banks

Percent

Banks

Percent

Banks

Percent

The number of inquiries has increased substantially

2

3.5

2

6.3

0

0.0

The number of inquiries has increased moderately

14

24.6

10

31.3

4

16.0

The number of inquiries has stayed about the same

33

57.9

18

56.3

15

60.0

The number of inquiries has decreased moderately

8

14.0

2

6.3

6

24.0

The number of inquiries has decreased substantially

0

0.0

0

0.0

0

0.0

Total

57

100.0

32

100.0

25

100.0

According to the Federal Reserve’s statistical release H.8, ``Assets and Liabilities
of Commercial Banks in the United States,'' C&I loans appear to have declined significantly
less in the third quarter of this year than they did in the first two quarters.
Questions 7-8
ask about the role of loan originations and other factors
in this development.

7.
For each of the C&I loan market segments listed below how has the pace of
loan originations by your bank changed over the past three months?

a.
New syndicated or club loans (large loans
originated by a group of relationship lenders) to investment-grade firms
(or unrated firms of similar creditworthiness)

All Respondents

Large Banks

Other Banks

Banks

Percent

Banks

Percent

Banks

Percent

Originations picked up significantly

1

2.0

1

3.3

0

0.0

Originations picked up somewhat

18

36.7

15

50.0

3

15.8

Originations are unchanged

25

51.0

13

43.3

12

63.2

Originations are down somewhat

4

8.2

1

3.3

3

15.8

Originations are down significantly

1

2.0

0

0.0

1

5.3

Total

49

100.0

30

100.0

19

100.0

For this question, 7 respondents answered “My bank does not originate loans in this segment.”

b.
New syndicated or club loans to
below-investment-grade firms (or unrated firms of similar
creditworthiness)

All Respondents

Large Banks

Other Banks

Banks

Percent

Banks

Percent

Banks

Percent

Originations picked up significantly

0

0.0

0

0.0

0

0.0

Originations picked up somewhat

21

41.2

16

51.6

5

25.0

Originations are unchanged

23

45.1

12

38.7

11

55.0

Originations are down somewhat

6

11.8

3

9.7

3

15.0

Originations are down significantly

1

2.0

0

0.0

1

5.0

Total

51

100.0

31

100.0

20

100.0

For this question, 5 respondents answered “My bank does not originate loans in this segment.”

c.
Other new loans to large and middle-market
firms (annual sales of $50 million or more)

All Respondents

Large Banks

Other Banks

Banks

Percent

Banks

Percent

Banks

Percent

Originations picked up significantly

0

0.0

0

0.0

0

0.0

Originations picked up somewhat

13

22.8

10

31.3

3

12.0

Originations are unchanged

35

61.4

19

59.4

16

64.0

Originations are down somewhat

9

15.8

3

9.4

6

24.0

Originations are down significantly

0

0.0

0

0.0

0

0.0

Total

57

100.0

32

100.0

25

100.0

d.
New loans to small firms (annual sales of less than
$50 million)

All Respondents

Large Banks

Other Banks

Banks

Percent

Banks

Percent

Banks

Percent

Originations picked up significantly

0

0.0

0

0.0

0

0.0

Originations picked up somewhat

6

10.9

2

6.7

4

16.0

Originations are unchanged

36

65.5

22

73.3

14

56.0

Originations are down somewhat

13

23.6

6

20.0

7

28.0

Originations are down significantly

0

0.0

0

0.0

0

0.0

Total

55

100.0

30

100.0

25

100.0

For this question, 2 respondents answered “My bank does not originate loans in this segment.”

e.
New loans for other classes of C&I loans not
listed above (please specify)

All Respondents

Large Banks

Other Banks

Banks

Percent

Banks

Percent

Banks

Percent

Originations picked up significantly

1

3.8

1

6.7

0

0.0

Originations picked up somewhat

2

7.7

1

6.7

1

9.1

Originations are unchanged

20

76.9

11

73.3

9

81.8

Originations are down somewhat

3

11.5

2

13.3

1

9.1

Originations are down significantly

0

0.0

0

0.0

0

0.0

Total

26

100.0

15

100.0

11

100.0

8.
How have the following other factors affecting C&I loan growth changed over
the past three months?

a.
Terms loans that matured and were rolled over
or extended rather than paid down

All Respondents

Large Banks

Other Banks

Banks

Percent

Banks

Percent

Banks

Percent

Increased significantly

0

0.0

0

0.0

0

0.0

Increased somewhat

7

12.3

3

9.4

4

16.0

Were about unchanged

49

86.0

28

87.5

21

84.0

Decreased somewhat

0

0.0

0

0.0

0

0.0

Decreased significantly

1

1.8

1

3.1

0

0.0

Total

57

100.0

32

100.0

25

100.0

b.
Draws on existing revolving credit lines

All Respondents

Large Banks

Other Banks

Banks

Percent

Banks

Percent

Banks

Percent

Increased significantly

0

0.0

0

0.0

0

0.0

Increased somewhat

8

14.0

4

12.5

4

16.0

Were about unchanged

36

63.2

23

71.9

13

52.0

Decreased somewhat

12

21.1

4

12.5

8

32.0

Decreased significantly

1

1.8

1

3.1

0

0.0

Total

57

100.0

32

100.0

25

100.0

c.
Early paydowns

All Respondents

Large Banks

Other Banks

Banks

Percent

Banks

Percent

Banks

Percent

Increased significantly

0

0.0

0

0.0

0

0.0

Increased somewhat

6

10.5

2

6.3

4

16.0

Were about unchanged

48

84.2

29

90.6

19

76.0

Decreased somewhat

3

5.3

1

3.1

2

8.0

Decreased significantly

0

0.0

0

0.0

0

0.0

Total

57

100.0

32

100.0

25

100.0

d.
Charge-offs

All Respondents

Large Banks

Other Banks

Banks

Percent

Banks

Percent

Banks

Percent

Increased significantly

1

1.8

0

0.0

1

4.0

Increased somewhat

5

8.9

1

3.2

4

16.0

Were about unchanged

32

57.1

18

58.1

14

56.0

Decreased somewhat

17

30.4

11

35.5

6

24.0

Decreased significantly

1

1.8

1

3.2

0

0.0

Total

56

100.0

31

100.0

25

100.0

Questions 9-10
ask about commercial real estate (CRE) loans at your bank, including construction and land
development loans and loans secured by nonfarm nonresidential
real estate. Question 9 deals with changes in
your bank's standards over the past three months. Question 10 deals with changes in demand. If your bank's
lending standards or terms have not changed over the relevant
period, please report them as unchanged even if they are either
restrictive or accommodative relative to longer-term norms. If
your bank's standards or terms have tightened or eased over the
relevant period, please so report them regardless of how they
stand relative to longer-term norms. Also, please report changes
in enforcement of existing standards as changes in
standards.

9.
Over the past three months, how have your bank's credit
standards for approving applications for CRE loans changed?

All Respondents

Large Banks

Other Banks

Banks

Percent

Banks

Percent

Banks

Percent

Tightened considerably

1

1.8

0

0.0

1

4.2

Tightened somewhat

3

5.4

0

0.0

3

12.5

Remained basically unchanged

50

89.3

30

93.8

20

83.3

Eased somewhat

2

3.6

2

6.3

0

0.0

Eased considerably

0

0.0

0

0.0

0

0.0

Total

56

100.0

32

100.0

24

100.0

10.
Apart from normal seasonal variation, how has demand for
CRE loans changed over the past three
months?

All Respondents

Large Banks

Other Banks

Banks

Percent

Banks

Percent

Banks

Percent

Substantially stronger

0

0.0

0

0.0

0

0.0

Moderately stronger

12

21.4

11

34.4

1

4.2

About the same

33

58.9

19

59.4

14

58.3

Moderately weaker

8

14.3

2

6.3

6

25.0

Substantially weaker

3

5.4

0

0.0

3

12.5

Total

56

100.0

32

100.0

24

100.0

Questions 11-12
ask about three
categories of residential mortgage loans
at your
bank—prime residential mortgages, nontraditional
residential mortgages, and subprime residential
mortgages. Question 11 deals with changes in your
bank's credit standards for loans in each of these categories
over the past three months. Question 12 deals with
changes in demand for loans in each of these categories over the
same period. If your bank's credit standards have not changed
over the relevant period, please report them as unchanged even
if the standards are either restrictive or accommodative
relative to longer-term norms. If your bank's credit standards
have tightened or eased over the relevant period, please so
report them regardless of how they stand relative to longer-term
norms. Also, please report changes in enforcement of existing
standards as changes in standards.

For the purposes of this survey, please use the following
definitions of these loan categories (note that the loan
categories are not mutually exclusive) and include first-lien
loans only:

The prime
category of residential mortgages
includes loans made to borrowers that typically had
relatively strong, well-documented credit histories,
relatively high credit scores, and relatively low
debt-to-income ratios at the time of origination. This would
include fully amortizing loans that have a fixed rate, a
standard adjustable rate, or a common hybrid adjustable
rate—those for which the interest rate is initially fixed
for a multi-year period and subsequently adjusts more
frequently.

The nontraditional
category of residential
mortgages includes, but is not limited to, adjustable-rate
mortgages with multiple payment options, interest-only
mortgages, and ``Alt-A'' products such as mortgages with
limited income verification and mortgages secured by
non-owner-occupied properties. (Please exclude standard
adjustable-rate mortgages and common hybrid adjustable-rate
mortgages.)

The subprime
category of residential mortgages
typically includes loans made to borrowers that displayed
one or more of the following characteristics at the time of
origination: weakened credit histories that include payment
delinquencies, chargeoffs, judgments, and/or bankruptcies;
reduced repayment capacity as measured by credit scores or
debt-to-income ratios; or incomplete credit histories.

11.
Over the past three months, how have your bank's credit
standards for approving applications from individuals for
mortgage loans to purchase homes changed?

Responses are not reported when the number of respondents is 3 or fewer.

12.
Apart from normal seasonal variation, how has demand for
mortgages to purchase homes changed over the past three months?
(Please consider only new originations as opposed to the
refinancing of existing mortgages.)

Responses are not reported when the number of respondents is 3 or fewer.

Questions 13-14
ask about revolving
home equity lines of credit
at your bank. Question 13 deals with changes in your bank's credit
standards over the past three months. Question 14 deals with changes in demand. If your bank's
credit standards have not changed over the relevant period,
please report them as unchanged even if they are either
restrictive or accommodative relative to longer-term norms.
If your bank's credit standards have tightened or eased over
the relevant period, please so report them regardless of how
they stand relative to longer-term norms. Also, please report
changes in enforcement of existing standards as changes in
standards.

13.
Over the past three months, how have your bank's credit
standards for approving applications for revolving home equity
lines of credit changed?

All Respondents

Large Banks

Other Banks

Banks

Percent

Banks

Percent

Banks

Percent

Tightened considerably

0

0.0

0

0.0

0

0.0

Tightened somewhat

8

14.3

2

6.5

6

24.0

Remained basically unchanged

46

82.1

28

90.3

18

72.0

Eased somewhat

2

3.6

1

3.2

1

4.0

Eased considerably

0

0.0

0

0.0

0

0.0

Total

56

100.0

31

100.0

25

100.0

14.
Apart from normal seasonal variation, how has demand for
revolving home equity lines of credit changed over the past
three months? (Please consider only funds actually disbursed
as opposed to requests for new or increased lines of credit.)

All Respondents

Large Banks

Other Banks

Banks

Percent

Banks

Percent

Banks

Percent

Substantially stronger

1

1.8

0

0.0

1

4.0

Moderately stronger

10

17.9

5

16.1

5

20.0

About the same

31

55.4

19

61.3

12

48.0

Moderately weaker

12

21.4

6

19.4

6

24.0

Substantially weaker

2

3.6

1

3.2

1

4.0

Total

56

100.0

31

100.0

25

100.0

Questions 15-20
ask about consumer lending
at your bank. Question 15 deals with changes
in your bank's willingness to make consumer loans over the past
three months. Questions 16-19 deal with changes in credit standards
and loan terms over the same period. Question 20 deals with changes in demand for consumer loans over the past
three months. If your bank's lending policies have not changed
over the past three months, please report them as unchanged even
if the policies are either restrictive or accommodative relative
to longer-term norms. If your bank's policies have tightened or
eased over the past three months, please so report them
regardless of how they stand relative to longer-term
norms. Also, please report changes in enforcement of existing
policies as changes in policies.

15.
Please indicate your bank's willingness to make consumer
installment loans now as opposed to three months ago.

All Respondents

Large Banks

Other Banks

Banks

Percent

Banks

Percent

Banks

Percent

Much more willing

1

1.8

0

0.0

1

4.0

Somewhat more willing

10

18.2

7

23.3

3

12.0

About unchanged

44

80.0

23

76.7

21

84.0

Somewhat less willing

0

0.0

0

0.0

0

0.0

Much less willing

0

0.0

0

0.0

0

0.0

Total

55

100.0

30

100.0

25

100.0

16.
Over the past three months, how have your bank's credit
standards for approving applications for credit cards from
individuals or households changed?

All Respondents

Large Banks

Other Banks

Banks

Percent

Banks

Percent

Banks

Percent

Tightened considerably

0

0.0

0

0.0

0

0.0

Tightened somewhat

1

2.5

0

0.0

1

6.3

Remained basically unchanged

34

85.0

19

79.2

15

93.8

Eased somewhat

5

12.5

5

20.8

0

0.0

Eased considerably

0

0.0

0

0.0

0

0.0

Total

40

100.0

24

100.0

16

100.0

17.
Over the past three months, how have your bank's credit
standards for approving applications for consumer loans other
than credit card loans changed?

All Respondents

Large Banks

Other Banks

Banks

Percent

Banks

Percent

Banks

Percent

Tightened considerably

0

0.0

0

0.0

0

0.0

Tightened somewhat

2

3.6

2

6.7

0

0.0

Remained basically unchanged

48

87.3

25

83.3

23

92.0

Eased somewhat

5

9.1

3

10.0

2

8.0

Eased considerably

0

0.0

0

0.0

0

0.0

Total

55

100.0

30

100.0

25

100.0

18.
Over the past three months, how has your bank changed the
following terms and conditions on new or existing credit card
accounts for individuals or households?

e.
The extent to which loans are
granted to some customers that do not meet credit scoring
thresholds (increased=eased, decreased=tightened)

All Respondents

Large Banks

Other Banks

Banks

Percent

Banks

Percent

Banks

Percent

Tightened considerably

1

1.8

0

0.0

1

4.0

Tightened somewhat

0

0.0

0

0.0

0

0.0

Remained basically unchanged

54

98.2

30

100.0

24

96.0

Eased somewhat

0

0.0

0

0.0

0

0.0

Eased considerably

0

0.0

0

0.0

0

0.0

Total

55

100.0

30

100.0

25

100.0

20.
Apart from normal seasonal variation, how has demand for
consumer loans of all types changed over the past three
months?

All Respondents

Large Banks

Other Banks

Banks

Percent

Banks

Percent

Banks

Percent

Substantially stronger

1

1.9

0

0.0

1

4.0

Moderately stronger

5

9.3

3

10.3

2

8.0

About the same

39

72.2

25

86.2

14

56.0

Moderately weaker

6

11.1

1

3.4

5

20.0

Substantially weaker

3

5.6

0

0.0

3

12.0

Total

54

100.0

29

100.0

25

100.0

Question 21
asks
about changes in the sizes of credit lines to households and
businesses at your bank over the past three months. If the sizes
of credit lines at your bank have not changed, please report them
as unchanged even if they are either larger or smaller than
longer-term norms. If the sizes of credit lines at your bank have
increased or decreased, please so report them regardless of whether
they are larger or smaller than longer-term norms.

21.
Over the past three months, how has your bank changed the
size of credit lines for existing customers with the following
types of accounts? Please consider changes made to line sizes
during the life of existing credit agreements as well as changes
made to line sizes upon renewal or renegotiation of existing
agreements.

a.
Home equity lines of credit

All Respondents

Large Banks

Other Banks

Banks

Percent

Banks

Percent

Banks

Percent

Increased considerably

0

0.0

0

0.0

0

0.0

Increased somewhat

0

0.0

0

0.0

0

0.0

Remained basically unchanged

49

87.5

27

87.1

22

88.0

Decreased somewhat

7

12.5

4

12.9

3

12.0

Decreased considerably

0

0.0

0

0.0

0

0.0

Total

56

100.0

31

100.0

25

100.0

b.
Consumer credit card accounts

All Respondents

Large Banks

Other Banks

Banks

Percent

Banks

Percent

Banks

Percent

Increased considerably

0

0.0

0

0.0

0

0.0

Increased somewhat

1

2.6

1

4.2

0

0.0

Remained basically unchanged

35

89.7

21

87.5

14

93.3

Decreased somewhat

3

7.7

2

8.3

1

6.7

Decreased considerably

0

0.0

0

0.0

0

0.0

Total

39

100.0

24

100.0

15

100.0

c.
Business credit card accounts

All Respondents

Large Banks

Other Banks

Banks

Percent

Banks

Percent

Banks

Percent

Increased considerably

0

0.0

0

0.0

0

0.0

Increased somewhat

5

12.2

1

3.8

4

26.7

Remained basically unchanged

32

78.0

22

84.6

10

66.7

Decreased somewhat

4

9.8

3

11.5

1

6.7

Decreased considerably

0

0.0

0

0.0

0

0.0

Total

41

100.0

26

100.0

15

100.0

d.
C&I credit lines (excluding business credit card accounts)

All Respondents

Large Banks

Other Banks

Banks

Percent

Banks

Percent

Banks

Percent

Increased considerably

0

0.0

0

0.0

0

0.0

Increased somewhat

3

5.6

1

3.3

2

8.3

Remained basically unchanged

46

85.2

26

86.7

20

83.3

Decreased somewhat

5

9.3

3

10.0

2

8.3

Decreased considerably

0

0.0

0

0.0

0

0.0

Total

54

100.0

30

100.0

24

100.0

e.
Commercial construction lines of credit

All Respondents

Large Banks

Other Banks

Banks

Percent

Banks

Percent

Banks

Percent

Increased considerably

0

0.0

0

0.0

0

0.0

Increased somewhat

0

0.0

0

0.0

0

0.0

Remained basically unchanged

42

79.2

23

79.3

19

79.2

Decreased somewhat

7

13.2

3

10.3

4

16.7

Decreased considerably

4

7.5

3

10.3

1

4.2

Total

53

100.0

29

100.0

24

100.0

f.
Lines of credit for financial firms

All Respondents

Large Banks

Other Banks

Banks

Percent

Banks

Percent

Banks

Percent

Increased considerably

0

0.0

0

0.0

0

0.0

Increased somewhat

0

0.0

0

0.0

0

0.0

Remained basically unchanged

37

80.4

22

78.6

15

83.3

Decreased somewhat

8

17.4

6

21.4

2

11.1

Decreased considerably

1

2.2

0

0.0

1

5.6

Total

46

100.0

28

100.0

18

100.0

22.
If your bank’s current level of lending standards remains tighter than its average level
over the past decade for any of the loan categories listed below, when do you expect
that your bank’s lending standards will return to their long-run norms, assuming that
economic activity progresses according to consensus forecasts?

A.
C&I loans:

a.
To large and middle-market firms (annual sales
of $50 million or more)

All Respondents

Large Banks

Other Banks

Banks

Percent

Banks

Percent

Banks

Percent

In the first half of 2011

8

15.4

6

20.0

2

9.1

In the second half of 2011

3

5.8

1

3.3

2

9.1

In 2012

8

15.4

5

16.7

3

13.6

After 2012

3

5.8

1

3.3

2

9.1

I expect my bank’s lending standards to remain tighter than their longer-run
average levels for the foreseeable future

10

19.2

4

13.3

6

27.3

My bank’s current level of lending standards is not tighter than its average
level over the past decade

20

38.5

13

43.3

7

31.8

Total

52

100.0

30

100.0

22

100.0

b.
To small firms (annual sales of less than $50
million)

All Respondents

Large Banks

Other Banks

Banks

Percent

Banks

Percent

Banks

Percent

In the first half of 2011

5

9.6

3

10.0

2

9.1

In the second half of 2011

6

11.5

3

10.0

3

13.6

In 2012

8

15.4

5

16.7

3

13.6

After 2012

4

7.7

2

6.7

2

9.1

I expect my bank’s lending standards to remain tighter than their longer-run
average levels for the foreseeable future

14

26.9

8

26.7

6

27.3

My bank’s current level of lending standards is not tighter than its average
level over the past decade

15

28.8

9

30.0

6

27.3

Total

52

100.0

30

100.0

22

100.0

B.
Loans secured by commercial real estate:

a.
For construction and land development purposes

All Respondents

Large Banks

Other Banks

Banks

Percent

Banks

Percent

Banks

Percent

In the first half of 2011

0

0.0

0

0.0

0

0.0

In the second half of 2011

0

0.0

0

0.0

0

0.0

In 2012

8

15.1

6

18.8

2

9.5

After 2012

9

17.0

5

15.6

4

19.0

I expect my bank’s lending standards to remain tighter than their longer-run
average levels for the foreseeable future

30

56.6

17

53.1

13

61.9

My bank’s current level of lending standards is not tighter than its average
level over the past decade

6

11.3

4

12.5

2

9.5

Total

53

100.0

32

100.0

21

100.0

b.
For other purposes (including the financing of
multifamily residential properties and nonfarm nonresidential properties)

All Respondents

Large Banks

Other Banks

Banks

Percent

Banks

Percent

Banks

Percent

In the first half of 2011

3

5.8

3

9.7

0

0.0

In the second half of 2011

5

9.6

2

6.5

3

14.3

In 2012

9

17.3

6

19.4

3

14.3

After 2012

7

13.5

3

9.7

4

19.0

I expect my bank’s lending standards to remain tighter than their longer-run
average levels for the foreseeable future

21

40.4

12

38.7

9

42.9

My bank’s current level of lending standards is not tighter than its average
level over the past decade

I expect my bank’s lending standards to remain tighter than their longer-run
average levels for the foreseeable future

18

62.1

12

70.6

6

50.0

My bank’s current level of lending standards is not tighter than its average
level over the past decade

6

20.7

1

5.9

5

41.7

Total

29

100.0

17

100.0

12

100.0

b.
Credit card loans

All Respondents

Large Banks

Other Banks

Banks

Percent

Banks

Percent

Banks

Percent

In the first half of 2011

0

0.0

0

0.0

0

0.0

In the second half of 2011

1

4.5

1

6.7

0

0.0

In 2012

0

0.0

0

0.0

0

0.0

After 2012

3

13.6

2

13.3

1

14.3

I expect my bank’s lending standards to remain tighter than their longer-run
average levels for the foreseeable future

12

54.5

10

66.7

2

28.6

My bank’s current level of lending standards is not tighter than its average
level over the past decade

6

27.3

2

13.3

4

57.1

Total

22

100.0

15

100.0

7

100.0

c.
Other consumer loans

All Respondents

Large Banks

Other Banks

Banks

Percent

Banks

Percent

Banks

Percent

In the first half of 2011

0

0.0

0

0.0

0

0.0

In the second half of 2011

1

3.6

1

6.3

0

0.0

In 2012

0

0.0

0

0.0

0

0.0

After 2012

3

10.7

2

12.5

1

8.3

I expect my bank’s lending standards to remain tighter than their longer-run
average levels for the foreseeable future

16

57.1

10

62.5

6

50.0

My bank’s current level of lending standards is not tighter than its average
level over the past decade

8

28.6

3

18.8

5

41.7

Total

28

100.0

16

100.0

12

100.0

1. The sample is selected from among the largest banks in
each Federal Reserve District. In the table, large banks
are defined as those with total domestic assets of $20
billion or more as of June 30, 2010. The combined assets
of the 32 large banks totaled $6.7 trillion, compared to
$7.0 trillion for the entire panel of 57 banks, and $10.5
trillion for all domestically chartered, federally insured
commercial banks.